Bitcoin Addresses Of Two Iranians Included In US Sanctions List
The United States Department of the Treasury included the crypto addresses belonging to two citizens of Iran to its sanctions list for individuals, CoinDesk reports.
The Office of Foreign Assets Control (OFAC) reported the inclusion of two Iranians — Ali Khorashadizadeh and Mohammad Ghorbaniyan — to the Specially Designated Nationals (SDN) watchlist. It is the first time in the entire history of the SDN existence that crypto addresses of individuals are equated to identification data, which includes information about the place of residence, email, nicknames, etc.
In March 2018, OFAC notified that they might add bitcoin addresses to the list of sanctions since cryptocurrency can be equated to fiat money in this case.
The names of Khorashadizadeh and Ghorbaniyan were included in the SDN for participating in financial operations using the ransomware called SamSam. For several years, over two hundred corporations, health and education institutions, as well as government organizations have become victims of two Iranians.
According to OFAC, the fraudsters made 7000 cash operations on 40 crypto exchanges, including the US ones, in two years and managed to transfer 6000 BTC to Iranian rials, depositing funds in the country's banks.
The Office warns that additional sanctions, including punishment in the form of exclusion from the US financial system, will be applied against individuals or organizations that send funds to the two sanctioned addresses.
Earlier, the Binance crypto exchange announced the termination of its activities in Iran because of the sanctions imposed by the US government.